The Ted and Lorraine Glasrud Family

GILBERT, AZ EIN: 30-0094715

The Ted and Lorraine Glasrud Family Foundation is a private independent foundation established in 2006 in Minnesota and currently based in Gilbert, Arizona. The foundation operates as a 501(c)(3) charitable organization with tax-exempt status since September 2002.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$9.2M

-3.7% YoY

Annual Giving

$535K

+12.4% YoY

Grant Count

-3.4% YoY

Avg Grant Size

$19K

+16.4% YoY

Under IRS private-foundation payout rules, The Ted and Lorraine Glasrud Family reported a distributable amount of $606K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation solicits and reviews grant applications associated with the charitable goals and interests of the members of the foundation. No specific mission statement has been publicly provided by the organization.

Grantmaking

The foundation is an active grantmaker with the following financial profile:

Grant Range

**: Grants range from $13,000 (median) to $100,000 (maximum)

Review Cycle

are not documented in available sources.

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Geographic Focus

Where this funder awards grants

The foundation is based in Gilbert, Arizona, with a secondary address listed in Paradise Valley, Arizona. Geographic focus areas for grantmaking are not specified in available sources.

Grant Distribution by State

Florida $829K (36%)

Minnesota $672K (29%)

Arizona $555K (24%)

Iowa $120K (5%)

Texas $52K (2%)

Colorado $45K (2%)

California $30K (1%)

States

Arizona California Colorado Florida Iowa Minnesota Texas

Cities

AftonBooneCedar RapidsFort PierceFort WorthHobe SoundJensen BeachJupiterMaitlandMiamiMinneapolisPalm CityPhoenixSacramentoSaint PaulSt Louis ParkSt PaulStuartTellurideVero Beach

Financial History

Multi-year comparison from IRS filings

Most Recent Financial Data (2024):

Total Assets: $9.19 million
Total Revenue: $641,000
Total Expenses: $636,000
Total Liabilities: $0
Total Distributions: $479,000

Historical Assets (2013):

Assets: $4.49 million
Income: $731,865

The foundation maintains a strong financial position with minimal liabilities and consistent annual grantmaking activity.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$9,185,262	$9,542,957	$7,512,386
Revenue	$641,397	$531,794	$649,474
Expenses	$635,714	$563,020	$552,333
Qualifying Distributions	$538,255	$479,125	$488,532
Net Investment Income	$543,938	$447,899	$591,597
Distributable Amount	$605,845	$532,934	$484,890

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

139 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Banner Health Foundation ($135,000), Belwin Conservatory ($50,000), American Red Cross Hurricane Fund ($50,000).

Recipient	Purpose	Amount
AZ SCIENCE CENTER PHOENIX, AZ	EDUCATION	$5,000
BANNER HEALTH FOUNDATION PHOENIX, AZ	MEDICAL AND HUMAN SERVICES	$135,000
BELWIN CONSERVATORY AFTON, MN	EVIRONMENTAL	$50,000
BIG BRO BIG SIS OF MARTIN COUNTY WEST PALM BEACH, FL	HEALTH AND HUMAN SERVICES	$15,000
BOYS AND GIRLS CLUBS HOBE SOUND, FL	HEALTH AND HUMAN SERVICES	$10,000
COE FUND COE COLLEGE CEDAR RAPIDS, IA	EDUCATION	$20,000
COURAGE CENTER MINNEAPOLIS, MN	HEALTH AND HUMAN SERVICES	$8,000
CRETIN-DERHAM HALL ST PAUL, MN	EDUCATION	$10,000
HIBISCUS CHILDREN'S CENTER JENSEN BEACH, FL	HEALTH & HUMAN SERVICES	$12,000
HOPE CENTER FOR AUTISM FORT WORTH, TX	HUMAN SERVICES	$10,500

Leadership & Key People

Leadership team and compensation from IRS filings

Deborah Lentsch - CEO
Sharon E. Glasrud - Secretary

Both officers serve on a voluntary basis with no reported compensation.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
SHARON E GLASRUD	SECRETARY	1	—
DEBORAH LENTSCH	CEO	1	—

Contact Information

Address: 225 N Pasadena St, Gilbert, AZ 85233-4507
Telephone: 480-926-0666
EIN: 30-0094715

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does The Ted and Lorraine Glasrud Family fund?

How do I apply for a grant from The Ted and Lorraine Glasrud Family?

The foundation is an active grantmaker with the following financial profile: • **Total Assets**: Approximately $9.5 million to $12 million (as of 2023-2024) • **Annual Giving**: Between $476,000 and $535,000 annually • **Grant Distribution**: Made approximately 29 grants in the most recent tax year • **Grant Range**: Grants range from $13,000 (median) to $100,000 (maximum) The foundation reviews grant applications and makes distributions based on the charitable interests of its members. Specifi…

Where does The Ted and Lorraine Glasrud Family make grants?

The foundation is based in Gilbert, Arizona, with a secondary address listed in Paradise Valley, Arizona. Geographic focus areas for grantmaking are not specified in available sources.

What size grants does The Ted and Lorraine Glasrud Family award?

In 2024, The Ted and Lorraine Glasrud Family awarded 28 grants totaling $535K — an average of about $19K per grant, based on its IRS Form 990 filings.

How much is The Ted and Lorraine Glasrud Family required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Ted and Lorraine Glasrud Family reported a distributable amount of $606K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Ted and Lorraine Glasrud Family's EIN?

The Ted and Lorraine Glasrud Family's EIN (Employer Identification Number) is 30-0094715. IRS Form 990 filing data is available on this page for 2020–2024.